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Established Smoke Shop In New York For Sale

New York, US
Asking Price:
$115,000 Inventory / Stock included
Sales Revenue:
$475,000
Cash Flow:
$60,000

LISTING ID # 36160

A 27-year-old smoke shop in a commercial zone is located in an overly busy area in Suffolk County, New York. The rent is just $2100; its size is 2100 sq. ft. The seller does not have time to monitor it on a full-fledged basis; the nature of his job forces him to travel across the country. Seller financing is available. The seller opens 12 pm to 8 pm. A new owner can increase the hours to generate more revenue. Additionally, beer and lotto can be added to increase cash flow. A once-in-a-lifetime opportunity to buy this type of business at such a low asking price with owner financing available. The asking price also includes the inventory which is worth $30,000. After paying all the expenses, the seller's net cash flow is $60,000 a year.

Business Operation

Reasons for selling:

Personal

Employees:
1 FT/1 PT
Years established:
27

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

75,000.00 Down & A note of $40,000 at 8% for 24 months.

Furniture / Fixtures value:
$50,000
Inventory / Stock value:
$30,000 - included in the asking price